Word: moynihan
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Dates: during 2000-2009
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...commission's co-chairmen, former New York Democratic Sen. Daniel Patrick Moynihan and AOL-Time Warner executive Richard Parsons, painted a dire picture in their draft report. Unless repaired, Social Security will need tax increases or "massive" deficit spending by Congress to keep it afloat, their report warns. By 2020, Social Security's shortfall will equal the combined budgets of Head Start, the Women, Infants and Children nutrition program, the Environmental Protection Agency, plus the Education and Commerce departments. Baby boomers will be shortchanged. Women, minorities and the poor will suffer...
...George W. Bush, saying "we can postpone action no longer," announced his 16-member Social Security panel charged with putting the nation's oldest entitlement on firmer financial footing. Democrats claimed that the panel, to be led by former New York senator Pat Moynihan and AOL Time Warner exec Richard Parsons (corporate overlord of this publication), is a pre-cooked group sure to recommend some version of the partial privatization plan that Bush pushed during his campaign. And they're probably right...
...always orchestrated to achieve pre-cooked outcomes. The trick for an administration is to come up with a grouping that appears to have been formed to look at the wide range of options. Smartly, the White House put pro-privatization Democrats to work, including former New York Senator Pat Moynihan. That helps deflect charges of table-rigging by allowing the White House to say the group is "bipartisan...
...President Bill Clinton may have "defined deviance downward," as Pat Moynihan said, or he may turn out to have defined tolerance upward. But one thing the historians will not argue about is that he raised our expectations of what the president of the United States should do for our eyelids...
...MOYNIHAN: I think we ought to leave on that...